A price prediction
Predicted price range for Agilent Technologies Our trading algorithm values Agilent Technologies (A) to be fairly valued. ###PLOTLYGRAPH### The red …
Read ArticlePredicted price range for Microchip Technology
Our trading algorithm values Microchip Technology (MCHP) to be fairly valued.
The red lines in this plot symbolize the changepoints of the price, meaning that the trend or direction changed, either from a down to an uptrend, or the other way around.
| Name | Value |
|---|---|
| Our valuation | fairly valued |
| Current trend | uptrend |
| Buy/Sell Recommendation | Neutral |
| Current Price | $59.44 |
| 60 Day Prediction | $61.07 |
| 60 Day Pred - Lower Bound | $56.03 |
| 60 Day Pred - Upper Bound | $66.0 |
Our algorithm predicts the future trend with the linear formula (a*x + b = y):
$ price = 0.049 * nr_days_in_the_future + 59.596
Based on this information, our algorithm recommends the trading decision: Neutral. Remember that this is not investment advice, and only a statistical analysis. Do your own research.
Historic price development
MCHP traded at $59.44 this Friday October 14th, loosing $-1.79 or -3.0114417175020227 percent since last week.
Looking back, over the last month, MCHP has been loosing $-7.45 or -12.533648948625384 percent.
Over the last year, it has been loosing $-15.41 or -25.925303168643957 percent.
Seasonality of Microchip Technology
Using our AI model, we have been analyzing the value change for Microchip Technology depending on the day or month of a year. This can be seen in the following graph:
